Baku: Construction work under the Sangachal Terminal Electrification (STEL) project is progressing safely and according to schedule, APA-Economics reports, citing the ‘BP Azerbaijan’ company. According to the information, the investors of the terminal are BP, SOCAR, TPAO, LUKOIL, Southern Gas Corridor, NICO, MOL, INPEX, ExxonMobil, ITOCHU, ONGC Videsh, Eni, MVM, and TotalEnergies.
According to Azeri-Press News Agency, to ensure full electrification of the terminal by the end of 2028, three major contracts have been signed under the project so far. These include an engineering-procurement-construction (EPC) contract, a construction and installation contract, and an engineering, procurement, and design contract.
The STEL project is a significant undertaking involving multiple international investors. The project’s aim is to achieve comprehensive electrification of the Sangachal Terminal, a key infrastructure in the energy sector, by the set timeline.